April 1, 2019

Press Release

Park Lawn Corporation Announces $125 Million Bought Deal Offering and Successful Completion of Cress Funeral Service Acquisition

Expands U.S. operations into Wisconsin with acquisition of 8 funeral homes and 2 crematoria

TORONTO, ONTARIO (April 1, 2019) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. to issue 4,874,000 common shares (the “Common Shares”) at a price of $25.65 per Common Share, on a bought deal basis, for gross proceeds of approximately $125 million. (the “Offering”). The Company has also granted the Underwriters an option to purchase up to an additional 731,100 Common Shares on the same terms and conditions, exercisable at any time, in whole or in part, up to 30 days after the closing of the Offering (the “Over-Allotment Option”).

Related Categories
Stay Up to Date

Join our mailing list here.